Principal Real Estate Income Fund (NYSE:PGZ) Trading 0.3% Higher – What’s Next?

Principal Real Estate Income Fund (NYSE:PGZ) shares traded up 0.3% during trading on Thursday . The stock traded as high as $9.97 and last traded at $9.91. 51,192 shares traded hands during mid-day trading, an increase of 100% from the average session volume of 25,537 shares. The stock had previously closed at $9.88.

Principal Real Estate Income Fund Trading Up 0.3 %

The company has a 50-day simple moving average of $10.46 and a two-hundred day simple moving average of $10.61.

Hedge Funds Weigh In On Principal Real Estate Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGZ. SeaCrest Wealth Management LLC boosted its position in shares of Principal Real Estate Income Fund by 8.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 23,251 shares of the company’s stock worth $260,000 after purchasing an additional 1,794 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Principal Real Estate Income Fund during the 2nd quarter valued at approximately $43,000. Wolverine Asset Management LLC purchased a new position in Principal Real Estate Income Fund during the second quarter valued at $44,000. Shaker Financial Services LLC bought a new stake in Principal Real Estate Income Fund in the second quarter worth $132,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Principal Real Estate Income Fund in the third quarter worth $462,000.

About Principal Real Estate Income Fund

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.